€ 193 000

€ 1 930 / sqm

+ VAT

From January 13, 2014 the VAT rate in Cyprus is 19%. However, buyers can purchase a new property with a reduced VAT rate of 5% under the following conditions:

The purchase is made by an individual, not a legal entity.
The buyer is not going to rent out the acquired property.
This will be a primary residence in Cyprus for the buyer, and they do not have any other property in Cyprus acquired with the reduced VAT rate within the last 10 years.

A reduced VAT rate of only 5% is applied to the first 200 m². The remaining area over 200 m² is subject to a 19% tax. These rules only apply to buyers of new developments, while for secondary real estate, VAT is 0%

3 bedrooms Apartment in Nicosia, Cyprus No. 48353

Bedrooms

100 sq.m.

Square

Parameters

Property Description

This residential development consists of a four-story building with a total of eight three-bedroom apartments. The units on the 2nd, 3rd, and 4th floors include provisions for a 2 kW photovoltaic system, contributing to greater energy efficiency and reduced utility costs.

Each apartment is allocated one covered parking space and a private storage room, both clearly marked according to the architectural plans. All common areas—interior and exterior—will be finished using durable, high-quality materials.

The building will be equipped with sensor-based lighting for enhanced security and energy-saving purposes. Access to the building is managed through a main intercom entry system, with individual intercom units installed in each apartment.

Apartments feature open-plan kitchens and are designed with provisions for both heating and cooling systems. This project is currently offered off-plan and will be delivered unfurnished.

The main features of the project and the units:

• Four-story building with 8 three-bedroom apartments
• Provisions for 2 kW photovoltaic system on 2nd, 3rd, and 4th floors
• High-quality finishes in all common areas
• Sensor-based lighting in shared spaces
• Intercom system for building and individual apartments
• Allocated parking space for each unit
• Private storage room for each apartment
• Provision for hot and cold air conditioning
• Elevator
• Covered verandas
• Open-plan kitchen layout
• Unfurnished

The project has an EPC certificate with “A” energy efficiency rating.